Speeches by Grady.

“Do you have a rough number?”

“What is the delta between what you have by way of cost of capital and what you charge consumers?”

“So you are not making any real money on these products.”

“The APRs are pretty high on these. How much do you pay to finance these arrangements?”

“Are you absolutely confident that they reflect the credit risk and costs of providing this service?”

“I would like to turn now to monthly payments of insurance charges, starting with Mr Storah. The FCA estimates that 20 million people pay for insurance monthly, with additional costs for consumers averaging 20% to 30%. The FCA has expressed concerns about this, specifically that it could be too high relative to credit r…”

“My constituency faces a housing crisis, and inflation and out-of-control borrowing costs make it much more expensive to build social housing, and those costs are passed on to tenants. Does my right hon. Friend agree that that is precisely why the fiscal rules are critical?”

“I rise to speak in favour of the Bill. On a policy basis, the Bill addresses a number of very important challenges. The first is ensuring that the pension system delivers good outcomes for the millions of pension savers in Britain. That is absolutely critical. In my lifetime, the risk of pension savings has shifted fro…”

“I hope the right hon. Gentleman would accept that diversification is critical here. Of course, illiquid private assets are not something that one holds for a couple of years and then sells, but the funds are designed to be large enough to bear the risk from diversification. That is the critical point. Pension funds are…”

“I am obliged to my hon. Friend the Member for Edinburgh North and Leith (Tracy Gilbert) for introducing this important piece of legislation. For hon. Members who do not know Edinburgh North and Leith, the word “and” is very important in the name of that constituency: Leith is quite separate from Edinburgh—it is a separ…”

“I do apologise, Madam Deputy Speaker. I was just coming to the point that this Bill is so important because voters need to be able to exercise their right to vote to express their views on the management of councils and the Government in Scotland, and the Bill enables people to do so. I apologise for appearing to stray…”

“That is a very good point, and I suggest that the Chair of PACAC picks it up with the Chair of the Scottish Affairs Committee. There are learnings from what happens in Scotland that we can apply in the rest of our family of nations, and vice versa—although I would say that there are no learnings that we can draw from t…”

“My hon. Friend mentions the lack of enthusiasm for voting among some young people. That is a real problem in Scotland. Does she agree that one potential explanation is the catastrophic decline of education standards, the insolvency of universities in Scotland and so forth? That may be contributing to a decline in voter…”

“My hon. Friend makes an important point. The UK Government have committed to investing in defence and in advances in tech defence. As we develop defence, investing in space is utterly critical and central to that. It is a matter of some regret that Scottish companies that invest in military matters are not funded by th…”

“Yes. The UK Government have invested in Orbex, in Forres in the north of Scotland. It remains important to give grants to earlier-stage companies because they cannot get the equity and debt funding that more advanced companies can, so I welcome that important investment. The space sector and satellites are central to a…”

“My hon. Friend makes an excellent point, as she does regularly. The space sector creates enthusiasm for young people. When I met young students at the University of Strathclyde, I could see that it had engendered excitement about the future, and that is a good thing.”

“I beg to move, That the Bill be now read the Third time. I will start with a short summary of the Bill. Which will amend two sections of the Space Industry Act 2018 to provide legal certainty that all spaceflight operator licences must include a limit on the amount of the operator’s liability to the Government under se…”

“Will the hon. Gentleman give way?”

“I thank the hon. Gentleman for his kind words. Having spent a lot of time with him on the Planning and Infrastructure Bill Committee, I know that the charming way in which he presents his submissions would enhance people’s trust in politics, including those voting at Calton Parkhead parish church hall. I am obliged.”

“I will keep my remarks short. I thank all Members for their support today, on Second Reading and in Committee. I also thank the Department for Transport civil servants who assisted me. The Clerk of Private Members’ Bills puts in a lot of work to help us all with our Private Members’ Bills, and I give thanks to them as …”